M 
6.65
+0.15%
Close of 6 Nov 2026, in PLN
At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 1.22bn
FY2016FY2025
Net income
PLN 38.1m
FY2016FY2025
Free cash flow
PLN 54.4m
FY2016FY2025
Shareholders' equity
PLN 349.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 1.22bn | PLN 1.01bn | PLN 1.35bn | PLN 1.17bn | PLN 770.1m | PLN 616.9m | PLN 601.4m | PLN 613.2m | PLN 650.4m | PLN 792.3m |
| Gross profit | PLN 135.3m | PLN 136.1m | PLN 155.3m | PLN 112.5m | PLN 77.3m | PLN 72.1m | PLN 64.8m | PLN 69.6m | −PLN 39.4m | PLN 36.2m |
| Operating income | PLN 34.1m | PLN 79.8m | PLN 93.0m | PLN 58.3m | PLN 32.1m | PLN 26.4m | PLN 20.4m | PLN 22.9m | −PLN 75.6m | −PLN 19.7m |
| Net income | PLN 38.1m | PLN 61.8m | PLN 74.2m | PLN 32.0m | PLN 14.7m | PLN 10.2m | PLN 10.1m | PLN 11.1m | −PLN 79.8m | −PLN 22.8m |
| Diluted earnings per share | 0.55 | 0.90 | 0.98 | 0.43 | 0.20 | 0.12 | 0.14 | 0.15 | -1.07 | -0.31 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 1.04bn | PLN 869.8m | PLN 709.7m | PLN 678.1m | PLN 494.0m | PLN 478.6m | PLN 452.0m | PLN 373.4m | PLN 435.1m | PLN 548.6m |
| Cash and short-term investments | PLN 182.9m | PLN 137.9m | PLN 119.0m | PLN 86.8m | PLN 48.6m | PLN 30.1m | PLN 31.1m | PLN 14.3m | PLN 26.2m | PLN 18.3m |
| Total liabilities | PLN 633.5m | PLN 494.8m | PLN 419.9m | PLN 448.5m | PLN 301.1m | PLN 303.2m | PLN 285.3m | PLN 214.5m | PLN 283.4m | PLN 315.8m |
| Debt | PLN 53.5m | PLN 45.9m | PLN 35.1m | PLN 31.3m | PLN 29.6m | PLN 47.6m | PLN 40.5m | PLN 30.8m | PLN 44.5m | PLN 44.4m |
| Shareholders' equity | PLN 349.8m | PLN 312.1m | PLN 286.6m | PLN 226.9m | PLN 190.8m | PLN 173.6m | PLN 165.1m | PLN 156.9m | PLN 149.3m | PLN 230.0m |
| Shares outstanding | 69m | 69m | 76m | 75m | 74m | 82m | 75m | 75m | 75m | 75m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 64.9m | PLN 87.6m | PLN 143.3m | PLN 68.8m | PLN 19.8m | PLN 610,000 | PLN 13.6m | −PLN 21.9m | −PLN 21.6m | −PLN 21.6m |
| Capital spending | −PLN 10.6m | −PLN 11.2m | −PLN 11.2m | −PLN 10.1m | −PLN 5.5m | −PLN 4.3m | −PLN 6.2m | −PLN 9.0m | −PLN 6.5m | −PLN 8.5m |
| Free cash flow | PLN 54.4m | PLN 76.3m | PLN 132.1m | PLN 58.7m | PLN 14.2m | −PLN 3.7m | PLN 7.4m | −PLN 30.9m | −PLN 28.1m | −PLN 30.1m |
| Dividends paid | −PLN 973,000 | −PLN 1.3m | −PLN 916,000 | −PLN 440,000 | −PLN 288,000 | −PLN 177,000 | −PLN 407,000 | −PLN 124,000 | −PLN 202,000 | −PLN 261,000 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 318.0m | PLN 316.0m | PLN 386.7m | PLN 332.5m | PLN 266.3m | PLN 239.0m | PLN 306.6m | PLN 249.3m |
| Gross profit | PLN 34.7m | PLN 33.1m | PLN 37.3m | PLN 38.1m | PLN 29.4m | PLN 30.5m | PLN 41.1m | PLN 36.5m |
| Operating income | PLN 9.3m | PLN 9.6m | PLN 7.0m | PLN 14.5m | PLN 9.6m | PLN 11.6m | PLN 16.6m | PLN 41.1m |
| Net income | PLN 7.6m | PLN 11.1m | PLN 8.9m | PLN 10.6m | PLN 9.3m | PLN 9.2m | PLN 8.8m | PLN 34.2m |
| Diluted earnings per share | 0.12 | 0.17 | 0.13 | 0.15 | 0.14 | 0.13 | 0.13 | 0.50 |
| Cash from operations | −PLN 28.0m | −PLN 34.0m | PLN 62.0m | PLN 42.0m | −PLN 8.0m | −PLN 32.0m | PLN 55.0m | PLN 16.0m |
| Capital spending | −PLN 10.0m | −PLN 2.0m | −PLN 3.0m | −PLN 1.0m | −PLN 3.0m | −PLN 1.0m | −PLN 3.0m | −PLN 2.0m |
| Free cash flow | −PLN 38.0m | −PLN 36.0m | PLN 59.0m | PLN 41.0m | −PLN 11.0m | −PLN 33.0m | PLN 52.0m | PLN 14.0m |
| Total assets | PLN 1.08bn | PLN 1.11bn | PLN 1.04bn | PLN 1.08bn | PLN 996.2m | PLN 901.8m | PLN 869.8m | PLN 874.5m |
| Cash and short-term investments | PLN 89.6m | PLN 102.5m | PLN 182.9m | PLN 157.8m | PLN 115.5m | PLN 110.2m | PLN 137.9m | PLN 90.7m |
| Debt | PLN 74.1m | PLN 55.3m | PLN 35.7m | PLN 73.3m | PLN 60.0m | PLN 30.9m | PLN 23.5m | PLN 34.0m |
| Shareholders' equity | PLN 331.2m | PLN 359.3m | PLN 349.8m | PLN 339.9m | PLN 330.2m | PLN 322.1m | PLN 312.1m | PLN 304.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.5% | 14.7% | 4.9% |
| Operating income | -16.4% | 5.3% | 14.5% |
| Net income | 6.0% | 30.1% | 35.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 12.1% | 11.3% | 11.2% | 9.2% |
| Operating margin | 5.1% | 5.6% | 5.3% | 2.9% |
| Net margin | 4.5% | 4.3% | 3.8% | 1.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 11.4 | 5.8 | 4.3 | 5.0 | 9.8 | 10.7 | 6.1 | 3.2 | -1.2 | -7.5 |
| Price to sales | 0.3 | 0.3 | 0.2 | 0.1 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 31 Aug 2015.
| FY2015 | FY2011 | FY2000 | FY1999 | FY1998 | |
|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.06 | 0.50 | 0.40 | 0.40 |
- 2-to-1 reverse split · 24 Sept 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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